Welcome Finance - This company needs to be banned.

[bobbydog]

it states at the top of this persons agreement

that it is a fixed sum loan agreement regulated by cca 1974 and the loan is 25000

and could thery have a miss sell on ppi as they are and always have been s/e

[andie_303]

is this a secured loan? Did they not tell you it was unregulated by CCA1974?

 

I think they should have done - but I'm not particularly up on this area so am just guessing to be honest - PT would probably be able to tell you the ins and outs when he pops by

[andie_303]

it states at the top of this persons agreement

that it is a fixed sum loan agreement regulated by cca 1974 and the loan is 25000

and could thery have a miss sell on ppi as they are and always have been s/e

 

It will only state that on top of the agreement cos they have used the same paperwork for that as they do every other loan - i'm 99.9% sure anything over £25K is not bound by CCA.

 

S/E is normally not covered under PPI - have you looked at exclusions in the piece of crap photocopy policy booklet you got ( i use the phrase you got loosely) as we all know we don't normally get them

[bobbydog]

amount of credit 25000

int chge 16625

legal fee 150

broker arrgt fee 1875

total charge credit 18650

 

optional ins fee 7023.80

int charge 4321

[bobbydog]

120 payments of 363.75 credit & int

120 payments of 94.54 ppi and int

hope this helps

[andie_303]

policy wording states

 

if you are self employed or you work on fixed term contracts you are eligable for this insurance but you need to read the policy carefully to make sure it is suitable for your needs. You should pay particular attention to the 'employment circumstances' 'unemployment cover' and 'things to keep in mind when claiming' sections

[bobbydog]

and yes it is a secured loan

[082stewie]

120 payments of 363.75 credit & int

120 payments of 94.54 ppi and int

hope this helps

 

Hi Bobby, who is the PPI through? Is it direct group again and backed by NU?

 

The reason I ask, is DG generally only sell short term policys with a max term of 60 months

 

Stewie

[andie_303]

Hmmm interesting in reading the policy documents for medicare it says you have the right to cancel within 30 days or when you recieve you policy booklet whichever is later

 

So if anyone hasn't got a policy booklet yet - you can cancel even if outside your 30 days me thinks.

Damn wish I'd read that when I got my booklet 3 weeks ago - 2 years into the thing!

[andie_303]

Bobby running them through an APR calculator there is no interest on the broker fee I don't think but someone else may come up with something different.

[jdene]

Some advice about Welcome Car Finance Please

Hello all have come accross the above thread where a lady seems to be having a nightmare with Welcome, I was wondering if anyone could take a quick look and hopefully offer some hel and advice to her she seems pretty desperate and they have called in the dogs in the form of a DCA, I have been dancing around with Welcome myself for a long time but thanks to this forum have been quite successfull in keeping them at bay, I would hate to see someone suffer unneccessarily at thier hands just because one of you great people had missed her thread, hope this is not being to cheeky as I know how much you guys have on your plates already, just dont want welcome to get thier way with anyone else.

Regards

Dene

[brassed-off-2]

Have just emailed Mr Crowley @ bloomberg, outlined a few the problems we have experienced with WFS....i await a call back tomorrow ...will let you know what happens.

 

TTFN

B-O-2

[jdene]

Some advice about Welcome Car Finance Please

Sorry all this is the link to the lady I requested help for earlier only just found out how to copy the link

 

Dene

[Voda]

It's all gone quiet on the Western Front.

 

Hope postggj got out of the Lion's Den in one piece ....

[Sol]

This guy's gonna be inundated with stories of WF lol

[Forsure]

Any news on Post ? Hope all went well

[k1mmie]

Thanks Kimmie, I thought over £25k made it unregulated - confirmed that for me.

 

 

This was one of the main points (along with several others), that were first picked up on, when I showed my docs to someone in the knw about PPI, secret commissions etc.. and this was brought to Welcomes attention over a year ago. He actually spoke to the Director of Welcome at the time, and explained that as most of their agreements were unenforceable, they had a big problem on their hands. I think this is why they have not hassled me, as they know we have a case.

 

Th solicitors, seem to be relying on the fact also, that we did not receive the booklet with details of policy cover, before the first payment was made. I bet that's each and every one of us!!!!!!

[Forsure]

I know we are all waiting in anticipation of Post's news on his rendevouz with the ' Dark Side ', but can any of you helpful caggers have a look at my thread, as I am possibly going to begin court action with GE Money, and I havent the first clue what or how to do it....

 

Thanks Guys Re: PPI Claim with GE Money / Mothercare Account

[Sunnie2812]

This was one of the main points (along with several others), that were first picked up on, when I showed my docs to someone in the knw about PPI, secret commissions etc.. and this was brought to Welcomes attention over a year ago. He actually spoke to the Director of Welcome at the time, and explained that as most of their agreements were unenforceable, they had a big problem on their hands. I think this is why they have not hassled me, as they know we have a case.

 

Th solicitors, seem to be relying on the fact also, that we did not receive the booklet with details of policy cover, before the first payment was made. I bet that's each and every one of us!!!!!!

 

Well I never even received a booklet, not even a logbook for the car!!

[JonCris]

This is what I have been told, mine is for £25k plus nearly £5k PPI. So being cautious about my claim!

 

 

How much did you borrow excluding fees & interest & did you top up at anytime?........also when did you sign cos under 2006 CCA there is no longer any limit ALL agreements are covered

[dadofholly]

Any news on Post ? Hope all went well

 

Bad news im afraid - post whent to see department 33 at room 101 in area 51. They have brain washed him and he is now Mr Palmers personal P.A.

 

Actually i seen his post on another thread so he is alive and well

 

So any news good - bad - or indifferent should be revealed soon.

[postggj]

good afternoon all

 

i see our friends from worthing are looking in doubt

 

hello nu

[postggj]

message for norwich union

welcome finance

direct group

 

to late now

 

disclosure order on its way to court at full cost including mine

 

so you think you are above the law

 

think again

 

ive had you in court before,

[JonCris]

Post did you get my PM & was it helpful?

[dadofholly]

If there is anyone from nu or dg looking in can you tell me where my policy is? have asked for it but nobody seems to be able to locate it.... would love a look as ive been charged over grand for it.

 

If things are tight drop me a line and ill post the blank paper for you.

 

Thanks